$USDCAD ; Potential Buy trade

Tuesday, February 2, 20160
comments

There is price rejection at the trendline as well as at the 50% fib level which creates a potential buy setup on USDCAD pair, I enter the buy trade at 1.38500 with stoploss 1.37800 and TP1: 1.14600 and TP2: 1.5100. If you not enter the trade than you can enter here at current level ie on 1.4232 level which is still look attractive or you wait to pull back at the entry point.

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